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Through its public offering, Swastik Pipe expects to raise Rs 62.52 crore, which it would use for working capital, general business needs, and issue costs
On September 26, Swastik Pipe set the pricing range for its initial public offering (IPO), which will begin accepting subscriptions on September 29 and end on October 3.
3,14,400 shares will be reserved for the market maker from the 62,52,200 shares that will be issued.
Through its public offering, the business expects to collect Rs 62.52 crore, which will be used for operating capital, general corporate purposes, and issue costs.
Since 1973, Swastik Pipes, which was founded by Sandeep Bansal, Anupama Bansal, Shashwat Bansal, and Geeta Devi Aggarwal, has produced and exported black and galvanized mild steel and carbon steel pipes and tubes. There are two of them in Uttar Pradesh and Haryana.
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